Because it is a continuation of the problem, so some tax will come off. So what? The price of crude will continue to rise, and quickly make up the difference. It’s not “relief” it’s a vote grab. By lowering Gas Taxes we are in effect saying. “We do not like to pay high prices for …
Tag Archives: Crude Oil
Peak Oil by 2006?
That’s what Colin Campbell says in a recent Guardian article: Campbell reckons global peak production of conventional oil – the kind associated with gushing oil wells – is approaching fast, perhaps even next year. His calculations are based on historical and present production data, published reserves and discoveries of companies and governments, estimates of reserves …
The Value of Alaskan oil.
Today marked an interesting day in the Oil Economy. First, Oil hit an all time intra-day high of $56.60. Second, the US Senate rejected, by the slimmest of margins (51-49), a motion to halt the approval of development of the oil rich ANWR area of Alaska. Proponents of developing ANWR love to say that it …